Ray White Mt Gambier are pleased to present for sale 239 Jubilee Highway West, Mount Gambier. This listing is unlike any other and comprise's of five dwelling's on the one title and for many years has been an investment and rental property with short and long term tenants.
The investment is perfect for a accommodation business, live-in Airbnb opportunity, student accommodation or hotel accommodation perfectly located for the limestone coast's many visiting tourists (S.T.C.A).
This wonderful and rare opportunity promises a good return with above average yields for the Mount Gambier area at the present moment..
There is also the potential for subdivision (S.T.C.A).
This property falls under an employment zone but the existing residential use of the land applies and can continue in its current form. Land use has existing rights as residential but has the potential for rezoning to an employment zone e.g. to run or develop the site for business purposes.
The property is accessed via a large, grassed front garden with established trees lining the front for added privacy and has a winding, hedge-lined driveway leading to the front of the main property.
The listing comprises of:
239B is a seven-bedroom home that sits separate from the other buildings and comes fully furnished, making it easy to move straight in and focus on your new business. This property can also be rented as part of the accommodation for immediate income.
The home offers an entire wing of front-facing bedrooms with hardwood floors, including five that benefit from built-in robes.
The home is carpeted throughout the living areas with an open lounge room, dining room and kitchenette with a reverse cycle air-conditioner that comforts this large space. The main kitchen sits just off the dining area. It offers electric cooking, a dishwasher and modern sink, cupboards and benchtops.
The laundry/second bathroom sits adjacent to the kitchen. It is fully tiled and benefits from a shower, toilet, large vanity unit and laundry appliances. The modern update of this home makes it appealing for fly-in workers, students, or families.
The home's main bathroom is on the opposite side of the house, accessible from the rear entrance and porch. It offers a unique twin vanity, twin shower, twin toilet and single bath design, perfect for accessibility when all bedrooms are occupied.
239 is the second home within this listing. It is an attractive, three-bedroom residence perfectly set-up for a family with good-sized bedrooms, a freshly updated interior and a lovely, light-filled kitchen/diner.
The kitchen benefits from electric cooking, a dishwasher and solid timber cabinets with attractive benchtops.
The loungeroom is comforted with carpets and a reverse cycle air-conditioner and benefits from a large window that lets in lots of light with views overlooking the garden.
The bedrooms are carpeted for comfort. There is an additional study that could be utilised as a nursery, small bedroom or sunroom.
This home offers two bathrooms, the first comprising a shower, bath, vanity and exterior linen press, while the second sits opposite, separated by the laundry and offers a shower, vanity, additional storage cupboards and a separate toilet. The wet areas are fully tiled and updated.
In addition to the two homes, there are three double bedroom units on this title which are as follows;
239A is the closest to the house and benefits from two separate lounge rooms, updated kitchen, a bathroom with an adjacent laundry room and a separate toilet. It offers secure roller shutters and a reverse cycle air conditioner for comfort.
239/1 is a double bedroom unit with an open lounge room/diner that is comforted with reverse cycle air-conditioning and a large, updated kitchen with lots of cabinets and bench space, electric cooking, double sink and a dishwasher. The double rooms are carpeted and sit close to the modern bathroom and laundry with a shower, vanity and toilet. This unit benefits from an attractive private pergola at the rear, with trees surrounding a grassed space for added privacy.
239/2 is a reverse image of the previous unit, benefiting from a private pergola and sitting adjacent to a small garden shed. These units offer individual carports for added convenience and functionality.
All the properties have been updated for the new owners to get started on their business and enjoy a lucrative new venture in this wonderful part of the Limestone Coast.
Contact Tahlia from Ray White Mount Gambier to learn more about this listing and book a viewing. RLA 291953
Additional Property Information:
Age/ Built: Approx 1968
Land Size: Approx. 4,184m2
Council Rates: Approx.$1,180 Per Quarter
* Properties are currently tenanted with leases in place, for further information in relation to the current leases or previous financial history please enquire and this will be provided
View more
View more
